DeepSeek, a Chinese artificial intelligence (AI) company, this week changed the global AI landscape, not to mention caused $1 trillion losses in the New York stock exchange and the NASDAQ:. In the process, it demonstrated the difference between cloud capital, which drives technofeudalism onward and upward, and AI-services, which were always a bubble waiting to burst. What remains to be seen is DeepSeek’s impact on the New Cold War between the US and China which, from its beginning, was motivated by the clash between US and Chinese cloud capital.
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